Eurozone Industrial Production drops 0.3% MoM in July, as expected

Eurozone’s industrial sector activity accelerated its pace of decline in July, the latest data published by Eurostat showed on Friday.

Industrial output in the old continent decreased by 0.3% MoM,  aligning with the expected decline of 0.3% while down from a 0% reading in June.

Eurozone Industrial Production fell at an annual rate of 2.2% in July versus June’s -4.1%. The market forecast was for -2.7%.